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and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the a
and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal...
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Nov 29, 2012
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ryan who came by here in the hallway. i asked him -- he was in that meeting with tim geithner a little while ago. i asked him what geithner specifically had put on the table, if anything. ryan declining to comment here. he said, i'm trying to keep a low profile these days. i'm not going to come on cnbc and tell but it. he did say he thinks speaker boehner's press conference a little while after the geithner meeting really speaks for itself. let's take a listen to what boehner had to say. this is a little bit of what spooked the markets earlier today. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so who is it, who's not being serious here? no surprise, the democrats think it is the republicans who aren't being serious up on capitol hill. take a listen to harry reid a little while ago as well. >> republicans
ryan who came by here in the hallway. i asked him -- he was in that meeting with tim geithner a little while ago. i asked him what geithner specifically had put on the table, if anything. ryan declining to comment here. he said, i'm trying to keep a low profile these days. i'm not going to come on cnbc and tell but it. he did say he thinks speaker boehner's press conference a little while after the geithner meeting really speaks for itself. let's take a listen to what boehner had to say. this...
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Nov 29, 2012
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. >> and while he is in town, he will meet with congressman paul ryan. they have kept in touch and at a are catching up somewhere off cap capt hill where ryan has returned to work. >> steve: i wonder if candy crowley will be invited. >> gretchen: it is a photop. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that maybe the president would offer him secretary of business. >> gretchen: really? wait a minute. what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the back drop as they need a break and the president urging for somethin
. >> and while he is in town, he will meet with congressman paul ryan. they have kept in touch and at a are catching up somewhere off cap capt hill where ryan has returned to work. >> steve: i wonder if candy crowley will be invited. >> gretchen: it is a photop. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that maybe the president would offer...
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Nov 29, 2012
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first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach so
first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if...
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governor romney met with his former running mate as well, congressman paul ryan. that happened earlier. those are the headlines right now here in the fox newsroom. back to tracy. tracy: jamie colby, thank you very much. >> reporter: you're welcome. tracy: oil poised to snap a three legs losing streak amid growing hopes that congress and the president can reach an agreement. maybe they know something we don't and potentially avoid the fiscal cliff. sandra smith has details in today's trade. they will think they will get it done, what? >> that's correct. the markets can tell us a lot of things and the markets are telling us maybe a deal will get done. look at the crude oil market up 2%. hear is the weekly chart. going back to the win beginning of the week it was down, down. we had consecutive daily drops in oil. we reached this low in yesterday's trading session and now we have a bid in the oil market. so there is some anticipation we'll get some sort of resolution by year's end. a nice hefty boost by a couple bucks today. whether or not that continues will be up fo
governor romney met with his former running mate as well, congressman paul ryan. that happened earlier. those are the headlines right now here in the fox newsroom. back to tracy. tracy: jamie colby, thank you very much. >> reporter: you're welcome. tracy: oil poised to snap a three legs losing streak amid growing hopes that congress and the president can reach an agreement. maybe they know something we don't and potentially avoid the fiscal cliff. sandra smith has details in today's...
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and interestingly enough, he's going to meet with paul ryan. where that goes is also anybody's guess, but before that meeting, the speaker's office telling us they accepted the meeting only on the condition that the white house bring up some specific spending cuts and get serious about spending, i talked to senator lindsay gram, a republican, just before geithner walked into the building. he said he doesn't think there's that much asphalt on the road for reins to talk about tax increases at this point, he want f s to see some specific offers from the democrats. >> we'll be coming back to you not too long from now. >>> now to a big earnings mover in the luxury retail sales. brian, i read through your note that you issued this morning. you said still weak but not dismal. same store sales up 1%. inventories climbed 11%. this is not dismal, they are cutting the third year. >> as i look through the results today and there's no question on the face of them, they look really bad. tiffany did earnings per share of 45 cents, we were at 62 cents, i think
and interestingly enough, he's going to meet with paul ryan. where that goes is also anybody's guess, but before that meeting, the speaker's office telling us they accepted the meeting only on the condition that the white house bring up some specific spending cuts and get serious about spending, i talked to senator lindsay gram, a republican, just before geithner walked into the building. he said he doesn't think there's that much asphalt on the road for reins to talk about tax increases at...
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i happen to believe the paul ryan approach was not the right approach, to say the least. i thought that his idea of premium support capping the amount was put into it would've raised the cost of medicare insurance on many seniors, and i think it was unworkable and certainly didn't support it. some have suggested raising the medicare retirement age, eligibility age i should say. and i've trouble with that. my trouble is this, in my family i had an older brother passed away a few years ago. when he retired, he had health insurance from his employer in california, and then he had a massive heart attack and surgery, and they canceled his insurance. my very conservative republican brother who had no use for social programs started counting the days until he was eligible for medicare. that was the only place he could turn. what was at stake were all of the savings he put together for his family. so we would talk on if anybody doesn't talk about a later eligibility age for medicare, what i want to hear is the assurance and guarantee that people like my brother will have access t
i happen to believe the paul ryan approach was not the right approach, to say the least. i thought that his idea of premium support capping the amount was put into it would've raised the cost of medicare insurance on many seniors, and i think it was unworkable and certainly didn't support it. some have suggested raising the medicare retirement age, eligibility age i should say. and i've trouble with that. my trouble is this, in my family i had an older brother passed away a few years ago. when...
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democrats will say that's the paul ryan precedent, that in his medicare plan, the vast majority of all changes take place a decade from now. so republicans are going to have to swallow a tax increase today for medicare cuts on a faraway tomorrow. and as far as what those tax cuts look like, there's going to be a tax rate increase, certainly in the short term. and if you just look at the -- there's an article you can link to our piece today, just look at the top 20 loopholes in deductions. and it shows that it's virtually impossible to close or change any of the most expensive ones. so you're probably going to end up with some kind of total cap on deductions or some sort of alternative minimum tax rate for rich people. so you can jack up the amount of revenue that you're getting for people making over $250,000 or $500,000, whatever the end number is. but again, if you listen to the rhetoric on camera, it sounds like well, there's no way there will be a deal. if you talk to people who have been in the room, they say calm down. it's going to be ugly, but we think we can eventually get the
democrats will say that's the paul ryan precedent, that in his medicare plan, the vast majority of all changes take place a decade from now. so republicans are going to have to swallow a tax increase today for medicare cuts on a faraway tomorrow. and as far as what those tax cuts look like, there's going to be a tax rate increase, certainly in the short term. and if you just look at the -- there's an article you can link to our piece today, just look at the top 20 loopholes in deductions. and...